The combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.69842 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.6881 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.72337 |
| 2nd High | 1.71465 |
| Next High | 1.69842 |
| Current Price | 1.69652 |
| Next Low | 1.6881 |
| 2nd Low | 1.68418 |
| 3rd Low | 1.67963 |
1.69842 – 1.69447 – 1.69206 – 1.6881 – 1.68418 – 1.67963 —
1.69675 – 1.69485 —
51.124538484768 – 57.109259814856 —
– —
1.69842 – 1770312600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –